GS Finance plans leveraged buffered notes on index, ETF basket

By Wendy Van Sickle

Columbus, Ohio, Jan. 12 – GS Finance Corp. plans to price 0% leveraged buffered notes due July 28, 2022 linked to a basket of indexes, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Goldman Sachs Group, Inc.

The basket consists of the Euro Stoxx 50 index with a 60% weight, the Nikkei 225 index with a 20% weight and the iShares MSCI Emerging Markets exchange-traded fund with a 20% weight.

If the basket return is positive, the payout at maturity will be par plus 181% to 191% of the basket return. The exact participation rate will be set at pricing.

Investors will receive par if the basket declines by 40% or less and will have full exposure to the decline if the basket falls by more than 40%.

Goldman Sachs & Co. is the agent.

The notes (Cusip: 40055AEY9) will price on Jan. 25 and settle Jan. 30.

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